Wednesday, February 18, 2009

GM's Hand Is Still Out

Gee, what a surprise. Who would have guessed it?

from The Wall Street Journal

Feb. 17, 2009

General Motors plans to ask for access to an additional $16.6 billion in federal aid. The company said it will run out of money by next month without additional aid. GM also said it would close 14 U.S. plants, five more than previously planned. GM also would cut 47,000 global hourly, salaried jobs.
Will our Congress ever get it? Will the sheeple who keep voting for these morons ever get it? Has anyone in the Congress studied economics?

I fear and despair that the answer to all of the questions above is "no."

Some wise person said "If you keep doing what you've always done, you will keep getting what you've always got." That applies to Congress in spades. Every member of Congress who voted to extend the bailout to GM should be turned out (regardless of how much pork that person brings to the district that elects the idiot).

There is a story about a goose and golden egg. The BHO administration and the Congress are going after the goose, even as I write. Save yourself; Congress and BHO will not.

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